Shannon Lucas Sells 17,075 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 17,075 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $19.37, for a total value of $330,742.75. Following the completion of the sale, the chief operating officer owned 1,632,925 shares in the company, valued at $31,629,757.25. This represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shannon Lucas also recently made the following trade(s):

• On Monday, March 9th, Shannon Lucas sold 11,700 shares of Slide Insurance stock. The stock was sold at an average price of $18.23, for a total value of $213,291.00.
• On Friday, March 6th, Shannon Lucas sold 23,884 shares of Slide Insurance stock. The shares were sold at an average price of $18.59, for a total value of $444,003.56.

Slide Insurance Stock Performance

NASDAQ SLDE opened at $17.70 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $2.20 billion and a P/E ratio of 6.86. The stock has a 50-day moving average of $17.51 and a two-hundred day moving average of $16.48. Slide Insurance Holdings, Inc. has a 1-year low of $12.53 and a 1-year high of $25.90.

Slide Insurance (NASDAQ:SLDE) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SLDE shares. Keefe, Bruyette & Woods upped their price objective on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday. Morgan Stanley lifted their target price on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Barclays lifted their price objective on Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.40.

Institutional Investors Weigh In On Slide Insurance

Several institutional investors have recently modified their holdings of SLDE. Great Lakes Advisors LLC purchased a new stake in Slide Insurance during the 3rd quarter worth about $3,113,000. American Century Companies Inc. purchased a new position in shares of Slide Insurance in the 2nd quarter valued at about $56,229,000. HB Wealth Management LLC acquired a new stake in shares of Slide Insurance during the 3rd quarter worth about $955,000. Federated Hermes Inc. acquired a new stake in shares of Slide Insurance during the 3rd quarter worth about $9,471,000. Finally, Russell Investments Group Ltd. purchased a new stake in Slide Insurance during the second quarter worth approximately $4,245,000.

Trending Headlines about Slide Insurance

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Slide reported a strong Q4 beat in late Feb (EPS $1.23 vs. $0.87 est.), which supports valuation and helped analyst upgrades. Earnings / Company Page
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $23 (from $22) and kept an “outperform” rating — implying material upside vs. current levels and providing a medium-term positive catalyst. Benzinga
• Neutral Sentiment: Institutional ownership is sizable and rising (Capital World, Vanguard, Balyasny, others added positions), which can stabilize shares but is a longer-term factor rather than an immediate catalyst. MarketBeat — Institutional Holdings
• Neutral Sentiment: Industry/peer comparison pieces (e.g., vs. Exzeo Group) provide relative-value context for investors but do not by themselves move the stock. Monitor sector flows and competitor developments. Comparing Exzeo Group & Slide Insurance
• Negative Sentiment: Large insider selling this week likely weighed on the stock: CEO Bruce Lucas sold a series of blocks (241,493 on Mar 6 at ~$19.37; 172,644 on Mar 5 at ~$19.37; and 118,300 on Mar 9 at ~$18.23 — total ~532,437 shares) and COO Shannon Lucas sold multiple blocks (total ~52,659 shares across Mar 5–9). Combined sales ≈585,096 shares (~$10–11M of proceeds). While these reduce holdings by fractions of their stakes, the concentrated, high-dollar supply can create near-term downward pressure. SEC filings: CEO CEO Filing; COO COO Filing

About Slide Insurance

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.